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Monday links: changed communication

Abnormal Returns

The TSA screened a record number of passengers on Sunday. (bloomberg.com) Finance Why ServiceTitan has to go public. axios.com) Robinhood ($HOOD) is now taking on Charles Schwab ($SCHW) and Fidelity. barrons.com) Boom! reuters.com) America loves the Macy's Thanksgiving Day Parade.

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Adviser links: proactive communication

Abnormal Returns

citywire.com) Putting some numbers on the coming wave of adviser retirement. riabiz.com) Five ways to boost your business in 2025 including 'Proactive communication.' kitces.com) The number of CFPs topped 103,000. (riabiz.com) M&A Wealth management M&A keeps rolling on. thinkadvisor.com)

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Holistiplan Launches Estate Plan Document Extraction Tool (And More Of The Latest In Financial #AdvisorTech – November 2024)

Nerd's Eye View

This month's edition kicks off with the news that Holistiplan has announced the rollout of a new estate plan document extraction tool to stand alongside its highly popular tax return scanning tool – which highlights how advances in AI technology have allowed tools like Holistiplan to go beyond tax returns and scan nearly any kind of document (..)

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How Communicating Guardrails Withdrawal Strategies Can Improve Client Experience And Decrease Stress

Nerd's Eye View

By distilling hundreds of pieces of information into a single number that purports to show the percentage chance that a portfolio will not be depleted over the course of a client's life, advisors often place special emphasis on this data point when they present a financial plan.

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Graduating Clients The Right Way: A Thoughtful Approach To Sustainably Transition ‘Small’ Clients To On-Demand

Nerd's Eye View

He explains how they identified which clients were no longer profitable, developed an alternative service model to offer these clients, mentally prepared for the transition, and effectively communicated the changes. staff time, technology, and custodial fees) and indirect costs (e.g., rent, marketing, and training).

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Weekend Reading For Financial Planners (November 30–December 1)

Nerd's Eye View

Also in industry news this week: While many financial advisors are paying close attention to the potential extension of sunsetting measures within the Tax Cuts and Jobs Act (TCJA) in the coming year, legislation related to retirement savings could be on Congress' agenda as well Fidelity is planning to change the default for its existing RIA non-retirement (..)

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Communicate (The Necessity Of) Fee Increases With A Client-Centric, Value-Based Approach

Nerd's Eye View

A better way to implement and communicate fee increases may be one that is centered around providing more value to the client in exchange for the higher fee.